16:32 - 1.11.2024

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November 1, Fineko/abc.az. The suspension of cumulative life insurance for employees in the public sector in Azerbaijan will reduce the amount of insurance premiums, ABC.AZ reports, quoting CBA chairman Taleh Kazimov as saying this at a press conference.

He noted that life insurance premiums will decrease by nearly 60%. The number of insurance contracts will decline by 50%

According to Kazimov, the gap that has arisen in the next 3 years will be filled by the private sector.

Starting from next year, public sector employees will be excluded from this type of life insurance.